Lifeline for Struggling UK Firms Drowning in Debt: A New Solution Emerges

Since the Covid pandemic, the number of insolvent companies across the UK has skyrocketed. Directors and shareholders are being left to grapple with the long-term fallout of liquidation, often facing years of financial and legal repercussions. But there is now a glimmer of hope for those weighed down by unaffordable debts exceeding £10,000

So, what is this lifeline?

Business directors burdened by financial distress now have the option to sell their struggling company. Yes, even if your company seems worthless on paper, this legal solution allows you to transfer all debts to a new owner, with directors maintaining full control over the sale. Once the sale is finalized, the new buyer assumes responsibility for the company’s debts.

This unique arrangement offers a lifeline by eliminating directors’ personal responsibility for unsecured debts, including:

  • Keep your stock , assets , and cash in the company accounts
  • Avoid consequences of insolvency of using a licence practitioners
  • Avoid retrictions on becoming a director again
  • Continue operating your company
  • Bank overdrafts

Does My Company Qualify?

To be eligible for this solution, your company must have unsecured debts exceeding £10,000, and it should not currently be involved in any insolvency proceedings through an insolvency practitioner.

Avoid the Stress of Insolvency

Insolvency doesn’t just mean financial hardship—it often brings investigations into how your company ended up in distress. For directors, this can lead to uncomfortable questions and scrutiny over financial decisions. Fast Business Rescue offers a legal solution to avoid the headaches of insolvency by providing a quick and compliant way to sell your business.

Once your company is sold, the new owner assumes all liabilities, including bounce-back loans, supplier debts, and unpaid HMRC obligations. This allows you to avoid the damaging consequences of insolvency and the personal stress that comes with it. If you’re worried about investigations or creditor actions, contact us today to learn how a business sale can offer relief and protection.


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